Agenda item

Report of the Chamberlain.

The Committee considered a report of the Chamberlain which provided an update on the work of the Financial Services Division over the previous quarter.

The Chamberlain explained that the revaluation of Business Rates would lead to an average increase in Business Rates of 30% for City businesses. Members commented that this was a serious issue for City businesses, especially Small and Medium-sized Enterprises and the Corporation should work to support these businesses on this issue.

RESOLVED – That the Committee notes the report.